According to TransUnion , 168.6 million consumers carried a credit card balance at the end of September.
With higher interest rates affecting credit card balances, the cost of buying gifts this year, or even everyday essentials, is higher than ever.
If you can pay off your credit card balance in full every month and take advantage of rewards and perks, the use of a credit card can be beneficial.
Here are three steps you can take right now to avoid being shocked by your credit card bill in January:1.
If you can pay your existing credit card bill off in full, great … but if you cannot, prepare to make a hefty payment so you don't incur high interest charges or have a credit card bill that lingers well into the new year.
Persons:
Uber
Organizations:
Service, Business, Quicken
Locations:
TransUnion